Revolut is making its first move into Africa, marking a new phase in the global expansion of the fast-growing digital bank. After months of careful planning, the company confirmed in September 2025 that it had applied for a full banking license in South Africa—a clear sign that the country will serve as Revolut’s operational gateway to the continent.
The decision to begin with South Africa is no coincidence. With its robust economy, advanced financial infrastructure, and thriving fintech ecosystem, the country offers the ideal testing ground for Revolut’s digital banking model. It allows the company to roll out its services—ranging from currency exchange to mobile banking—in a market that is already open to digital innovation.
This move is part of a broader global strategy. Revolut is currently investing $13 billion to fuel its expansion into high-growth regions such as Africa, the Asia-Pacific, and the Middle East. For the company, Africa is no longer just a future opportunity—it’s now a key driver of its international ambitions.
As Revolut sets its sights on the continent, Morocco is emerging as a second strategic pillar. The company is laying the groundwork for its launch there, with licensing processes underway and a local team being assembled. Much like South Africa, Morocco has been carefully selected as a launchpad for broader African growth.
Morocco offers a different yet complementary set of advantages. With a young, digitally connected population and rising demand for fintech services, the country presents a fertile ground for Revolut’s offerings. It also serves as a stable regional hub, bridging both African and European markets—making it especially attractive to a company looking to scale quickly and effectively.
By establishing a foothold in both South Africa and Morocco, Revolut is anchoring its African ambitions in two of the continent’s most strategically important markets. These dual entry points will allow the company to tailor its services to local needs while setting the stage for future expansion into sub-Saharan Africa. For Revolut, this is not just a regional experiment—it’s a long-term commitment to becoming a major player on the African continent.
